7 BIG Facts About Data-Driven Innovation

7 BIG FACTS ABOUT DATA-DRIVEN INNOVATION 1 The amount of data generated in two days is as much as all data generated in human history before 2003. 2 Improved use of data could generate $3 trillion in additional value each year in seven industries. 3 The Big Data analytics and services industry is worth $3 billion and is expected to hit $20 billion in the next five years. 2019 %24 4 Harnessing Big Data could reduce health care costs by 8%. 5 6 The data-driven marketing industry was worth $156 billion in 2012 and created 676,000 jobs. In 1985, it cost $100,000 to store a gigabyte of data. It cost 5 cents in 2013. 1985 2013 I Data is a resource, much like water or energy, and like any resource, data does nothing on its own. Rather, it is world-changing in how it is employed in human decision making. ENTERPRISE FOLLOW US ON FACEBOOK AND TWITTER TO LEARN MORE! OF COMMERCE U.S. CHAMBER OF COMMERCE FOUNDATION f /USCCFoundation @USCCFoundation O AMBER